330 N Cherry StOlatheKS66061
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Olathe at 330 N Cherry St, Olathe, KS, 66061 uses $65,637 cash to close to unlock $2,386/yr annual cash flow and $199/mo monthly cash flow. Total monthly income runs $1,516/mo, and a $969/mo payment keeps the spread at $199/mo. Purchase price stands at $198,000, and rental yield measures 9.19% with $1,516/mo rent. Return on cash invested shows 23.54% in year one, and 5% annual appreciation builds toward $54,704 over five years. Five-year ROI reaches 122.96% and total cumulative return in cash records $80,704. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,516/mo property income covering a $969/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 66061, Olathe, KS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,167 (100%) |
| Owner Occupied HU | 17,671 (67.5%) |
| Renter Occupied HU | 7,349 (28.1%) |
| Vacant Housing Units | 1,147 ( 4.4%) |
| Median Home Value | $387,338 |
| Average Home Value | $426,529 |
Housing Distribution
Address Breakdown
Residential
25,559
Single Family
23,576
Multi-Family
1,983
Businesses
1,282
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